Nationwide 10 Year Fixed Rate Mortgage 2.94% (Existing customers only)
1907°Expired

Nationwide 10 Year Fixed Rate Mortgage 2.94% (Existing customers only)

325
Found 19th Jan 2015
Nationwide 10 year fixed rate of 2.94% mortgage max ltv is 60% fee £999 Existing customers only.
See my other post for 3.04% with no fee.

Not seen this in comments but Woolwich launched a 10yr fixed rate at 2.99% availabile to existing and new customers, where as the Nationwide deal is uusually to existing customers. See telegraph.co.uk/fin…tml
- SomebodE

This rate is being reduced by 0.1% from tomorrow (Wednesday 21st January)
- marathonic

For new customers see my thread, isn't getting the heat of this but worth checking if you are a new customer.

hotukdeals.com/tag/dea…059
- eslick

325 Comments

what's the early redemption penalty ?

(I read the 60% bit, but) what's the max loan amount?

Original Poster

Not sure about max loan, Sure if you have a real good job it would be good.

I can't see it on the mortgage page http://www.nationwide.co.uk/products/mortgages/first-time-buyers/mortgage-rates#xtab:show-all-rates

Original Poster

It is only if you already have a mortgage acount with Nationwide, so maybe they don't advertise the rate's on site?

Original Poster

http://www.nationwide.co.uk/products/mortgages/first-time-buyers/mortgage-rates#xtab:find-rates
If you type your requirements in, it comes up 2.94% 10 year fix.

Mikeey

It is only if you already have a mortgage acount with Nationwide, so … It is only if you already have a mortgage acount with Nationwide, so maybe they don't advertise the rate's on site?



Where did you get it from, another offer that just aint there.

Original Poster

liston2

Where did you get it from, another offer that just aint there.



http://www.nationwide.co.uk/products/mortgages/first-time-buyers/mortgage-rates#xtab:find-rates

10 year fix existing customers 2.94 999 pound fee.
no fee 3.04 10 year deal.
good deal though

The other rate is 3.04% over 10 years with no fee, based on a £100,00 mortgage £476.29 a month based on £100,000 vs £471.09, which I would say would present better value, unless your looking at probably £150,000 or above mortgage.

I have an appointment tomorrow for the 10 year deal 3.04%.
if I was you I would bite their hand off for this deal.

Can you transfer this mortgage if you move home in the 10 year period?

peaceoff

what's the early redemption penalty ?



Can't see it for 10 year fixed, but assume 1% higher than the five in each box.....

nationwide.co.uk/abo…ges

Edited by: "Just" 19th Jan 2015

Original Poster

You have to type in your requirements, and assuming your an existing Nationwide customer the rates will come up.

This says a lot about medium dated swap rates see Linky

Original Poster

Early redemption is always a killer regardless of lender.

Original Poster

Sorry about those not seeing the rates I have reposted the deal

Mikeey

Early redemption is always a killer regardless of lender.



Hinckley and Rugby don't have ERCs - sure there must be others who don't too.

Scorpion

Can you transfer this mortgage if you move home in the 10 year period?

most probably think this is standard practice on most mortgages

Here are the ERC:

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
7% 7% 7% 7% 6% 5% 4% 3% 2% 1%

Original Poster

dundeemaltman

most probably think this is standard practice on most mortgages


My current Nationwide is portable, for 10 years you would have to find out.

Original Poster

SausageBap

Here are the ERC:Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year … Here are the ERC:Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 107% 7% 7% 7% 6% 5% 4% 3% 2% 1%


Thank you, you will just have to hope you don't win the lottery in the mean time.


Original Poster

Just

Hinckley and Rugby don't have ERCs - sure there must be others who don't … Hinckley and Rugby don't have ERCs - sure there must be others who don't too.



That is very good, I'm sure that wasn't around when I got my mortgage, altough no chance of repaying early.

No better than N-wide but Woolwich are also doing a 2.99% 10yr fix with a £999 fee.
(6% Early repay fee 31 Mar '22 then 3% of the balance repaid until 31 Mar '25)

Woolwich rates

Sounds like theres a lot of cash out there looking for a 10 year fix.

Yes!

Just

Hinckley and Rugby don't have ERCs - sure there must be others who don't … Hinckley and Rugby don't have ERCs - sure there must be others who don't too.



Just looked at their 5 year fixed rate and it has ERC for all 5 years.

Mikeey

Early redemption is always a killer regardless of lender.



Not if there are no exit fees and you stick it out til the fixed period ends.....

I have just taken on a small mortgage ltv %40 with the Newcastle, @ %2.69 for 24 months with no fees and no exit fees after the 24m.. sometimes a 10yr fixed might not pay off, but this is still a stonking deal imo HOT

Banned

hot

alcopop

The other rate is 3.04% over 10 years with no fee, based on a £100,00 … The other rate is 3.04% over 10 years with no fee, based on a £100,00 mortgage £476.29 a month based on £100,000 vs £471.09, which I would say would present better value, unless your looking at probably £150,000 or above mortgage.


Not sure where you are getting these figures from but a repayment mortgage over 10 years would certainly cost more than those figures even if rate was fixed at 3.04 or 2.99%

Currently on a tracker.. Deciding on the best time to fix.. This is a great deal

alcopop

The other rate is 3.04% over 10 years with no fee, based on a £100,00 … The other rate is 3.04% over 10 years with no fee, based on a £100,00 mortgage £476.29 a month based on £100,000 vs £471.09, which I would say would present better value, unless your looking at probably £150,000 or above mortgage.

nseaman

Currently on a tracker.. Deciding on the best time to fix.. This is a … Currently on a tracker.. Deciding on the best time to fix.. This is a great deal



I'd guess the figures he's quoting are probably those during the fixed period and assuming a standard 25 year repayment period?



Ditto. Not in any hurry to fix just yet. My current rate is lower than this, but this is a very good deal if you want certainty.
Edited by: "sancheez" 19th Jan 2015

Might want to update this deal.

This offer only appears if you are a current customer with a deal that is ending.

If you want to borrow more or move house, it does not show up on their site.

nseaman

Currently on a tracker.. Deciding on the best time to fix.. This is a … Currently on a tracker.. Deciding on the best time to fix.. This is a great deal


no point doing anything too soon, pay off what you can to ensure you are in the best LTV band (ie under 60%) so you get the best offers..

personally i think I'll have paid off the mortgage before rates move more than a few percent..

I think half the world is on that 2% over base rate tracker right now, just waiting for the right deal. Going to be a stampede when the moment comes along.

Original Poster

ro53ben

I think half the world is on that 2% over base rate tracker right now, … I think half the world is on that 2% over base rate tracker right now, just waiting for the right deal. Going to be a stampede when the moment comes along.


Just waiting for a 2.5% deal now lol

lol @ ro53ben, I think you're about right with that one. The fact so many places are offering 10 year fixes so cheap does make me think the banks are confident that it's going to take a good while before things start to move rate wise again.

Original Poster

trizinger28

Not if there are no exit fees and you stick it out til the fixed period … Not if there are no exit fees and you stick it out til the fixed period ends.....I have just taken on a small mortgage ltv %40 with the Newcastle, @ %2.69 for 24 months with no fees and no exit fees after the 24m.. sometimes a 10yr fixed might not pay off, but this is still a stonking deal imo HOT


Thats good for 2 years. Nothing to lose in the short term, and you know what you are paying each month.

Original Poster

Scorpion

lol @ ro53ben, I think you're about right with that one. The fact so many … lol @ ro53ben, I think you're about right with that one. The fact so many places are offering 10 year fixes so cheap does make me think the banks are confident that it's going to take a good while before things start to move rate wise again.



GOOD

Original Poster

Lower rates to come???

Cold, get yourself a free council house

Original Poster

KM4353

Cold, get yourself a free council house



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